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Partnership Program boosts Repo trading at Eurex

18 Feb 2019

Partnership Program boosts Repo trading at Eurex

Eurex’s Repo Partnership Program, which aims to increase repo transactions in the interbank market for European government bonds, is already showing initial effects.

Daily outstanding volume in Special and GC Repo in the first six trading weeks of the year is 24 percent above the comparable prior-year period. Volume in Special Repos was up 27 percent and that of GC Pooling 12 percent year-on-year. Repo trading in federal bonds rose by 17 percent. In this way, most of the 26 Repo partnership banks have become more active in recent months with a large focus on term transactions. As a result, orderbook activity on Eurex Repo’s F7 has broadened.

Frank Gast, Eurex’s Head of Funding & Financing Sales: “We are glad to see so many participants looking for an additional option to clear their euro Repos within EU27. Trading and clearing activities have increased well beyond the existing 26 partnership banks. We therefore expect more participants to join the program shortly.”